Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Castle at 2537 S 23rd St, New Castle, IN, 47362 generates $1,654/mo in rent and, after a $832/mo payment, leaves $634/mo in cash flow. Total monthly income is $1,654/mo, and annual cash flow is $7,604/yr on $56,322 invested. Return on cash invested sits at 33.41% in year one, and rental yield is 11.68% on a $169,900 entry. Equity gained on principal adds $1,096/yr, while 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 175.03% and total cumulative return in cash sums $98,582. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,654/mo property income rather than buyer’s personal income.
Single Family
Built in 1961
7,666 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $169,900 |
| 2023-12-21 | Listing removed | N/A |
| 2023-12-05 | Price change | $157,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $1193.00 | 22.99% | $126,300 | 5.87% |
| 2023-04-09 | $970.00 | 21.10% | $119,300 | 25.05% |
| 2022-04-09 | $801.00 | 3.22% | $95,400 | 20.91% |
Listed by: Krista Gibson • RE/MAX First Integrity
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511790
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
